Identify on the grsph where equilibrium occurs

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Reference no: EM131808506

QTY Demanded 60 150 160 210 250

Qty supliied 160 150 110 100 80 1) Identify on the grsph where equilibrium occurs. Explain ,in detail , what is meant by equilibrium. 2) depict an area on the graph where a shortage occurs. 3) List and provide a thorough description of 2 criteria which cause the positioning of the supply curve 4) On your graph ,depict a decrease in income for demander labeled as D1 .What happens as a result?

Reference no: EM131808506

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